Update: December 14, 2010

Since mid-October, Youth Self Employment Foundation (YOSEFO) has brought down its amount in arrears on Kiva from $26,531.68 past due to $3,417. As a result, its delinquency rate as expressed on the Kiva website is currently 17.93%.

Kiva will continue to work closely with YOSEFO to get outstanding repayments cleared and repaid to Kiva lenders. We will keep this page updated in the coming months as new information becomes available.

Update: October 23, 2010

YOSEFO has been significantly delayed in paying funds due to Kiva lenders. As a result, on October 1, 2010, YOSEFO's delinquency rate increased to 49.97%, and as of October 15, 2010, YOSEFO is now $26,531.68 past due.

Kiva's portfolio staff will continue to follow up with YOSEFO about the expected past due payment. In addition, Kiva's staff is currently reviewing the results of a recent borrower verification exercise at the institution. Borrower verification entails interviewing a random sample of 10 Kiva borrowers from the same field partner to help ensure the information on the ground matches the information on Kiva’s website. To accomplish this, Kiva verifies the identity of the borrower, the disbursement date, the loan amount, the loan term, the loan usage and the repayment information.

We will keep this page updated in the coming months as new information becomes available about wires received and/or the outcome of the borrower verification.

Update: August 30, 2010

YOSEFO's wire has been received and funds have been applied to lender accounts.

Update: August 23, 2010

YOSEFO's delinquency rate increased to 46.83% on August 1st, 2010. Since that date, YOSEFO has been delinquent in remitting funds to Kiva.

Portfolio staff are continuing to follow up with YOSEFO, and hope to receive the expected payment soon. Once this payment has been received and distributed to Kiva lenders, YOSEFO's delinquency rate should fall to a rate that reflects the amount that borrowers have yet to repay.

Update: May 20, 2010

YOSEFO has made their due payment and has been unpaused accordingly.

Update: May 19, 2010

YOSEFO has been paused due to late payment

Update: February 18, 2010 YOSEFO has been unpaused as payment has been received.

Update: February 5, 2010

YOSEFO has been paused due to late payment.


Youth Self Employment Foundation (YOSEFO) is a Non Governmental Organization (NGO) registered in Tanzania under Societies Orginance, 1954. As of December 31, 2005, YOSEFO had 3,695 customers, and 67% of them women. YOSEFO uses solidarity methodology to deliver it's Financial Services, and also provides business skills training, technical skills training, and HIV/AIDS awareness.

YOSEFO can be contacted via email at altemiusm@yahoo.com or cemide@uccmail.co.tz


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2006 Oct 12, 2005
Total Loans $704,825 $2,043,136,230
Amount of raised Inactive loans $0 $315,725
Number of raised Inactive loans 0 154
Amount of Paying Back Loans $0 $158,755,080
Number of Paying Back Loans 0 190,945
Amount of Ended Loans $704,825 $1,843,276,930
Number of Ended Loans 971 2,482,141
Delinquency Rate 0.00% 12.42%
Amount in Arrears $0 $12,118,257
Outstanding Portfolio ($0) $97,565,545
Number of Loans Delinquent 0 65,821
Default Rate 0.01% 1.82%
Amount of Ended Loans Defaulted $69 $33,601,429
Number of Ended Loans Defaulted 2 88,741
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,608,670
Refund Rate 3.60% 0.54%
Amount of Refunded Loans $25,400 $10,936,620
Number of Refunded Loans 24 9,669

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 67.00% 78.46%
Average Loan Size $654 $393
Average Individual Loan Size $699 $586
Average Group Loan Size $1,732 $1,910
Average number of borrowers per group 4.6 8.3
Average GDP per capita (PPP) in local country $1,900 $5,593
Average Loan Size / GDP per capita (PPP) 34.41% 7.02%
Average Time to Fund a Loan 2.6 days 9.11 days
Average Dollars Raised Per Day Per Loan $251.54 $43.11
  Average Loan Term 8.81 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 142 1,217,547
  Journaling Rate 12.46% 41.90%
  Average Number of Comments Per Journal 0.76 0.02
  Average Number of Recommendations Per Journal 3.19 0.55

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 21.00% PY 26.44% PY
  Profitability (return on assets) N/A 0.2% -1.35%
  Average Loan Size (% of per capita income) N/A 134.00% 0.00%

Country Fast Facts

Lending Partner Staff

Alec Lovett